Ravens' salary-cap update: $3.604 million available

Pictures of the Ravens game against the Cincinnati Bengals in Week 17.

Aaron WilsonThe Baltimore Sun

With first-round safety Matt Elam the only remaining Ravens' rookie draft pick not under contract yet, the Super Bowl champions are $3.604 million under the NFL salary cap limit of $123 million.

That figure includes a first-year salary-cap number of $533,750 for third-round rookie defensive tackle Brandon Williams, who signed a four-year, $2.697 million contract Friday that includes a $515,000 signing bonus.

The Ravens recently completed a one-year deal with a maximum of $2.125 million for inside linebacker Daryl Smith that includes a $285,000 signing bonus and a base value and salary-cap figure of $1.125 million.

Elam still hasn't hired an agent, but has met with several and is still deciding on who will represent him in contract negotiations.